St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-20

agreement between nome appointed
officials has quickened the desire OF the
Western Australians for something
very like self government, or. at all
events. a regime under which they
themselves would elect all officers eX-
cept the governor. The quarrel which
now exists between Sir Napier Br0Ome
and his chief justice is one III which the
former is not OH the popular side: Inc
chief Justice has time after time differed
from the governor as to the degree OF
punishment which should be visited
upon certain criminals. The law offcer
stood to his guns until the governor, by
the advice of the executive council, sus-
pended him. This high handed pro-
ceeding fired the descendants of the
hardy and enterprising settlers of the
Swan river territory with indignation.
Public meetings were called throughout
the colony to protest against the action
of the governor. and resolutions OF con-
fidence in the chief justice were passed
by large majOrities. Meanwhile both
parties have appealed to the home au-
thorities. During the interregnum the
duties of the first law officer are being
discharged by police magistrate who
has been nominated to the post by Sir
Napier. The Judge, who comes next IN
order of precedence to the chief justice,
refuses to recognize the temporarily
appointed official, and SO
CHAOS Is SUPREME
among the lawyers and confusion worse
c0nfOunded by proposal on the part OF
the head of the colony to elect Attorney
General WartOn to the post OF chief JUS
tice, which suggestion has raised a storm
of opposition. The cOlonlsts are prepared
l.. Il 4, ~ .IaAr af rlQFiIQ-
-ment for Bridgeport and champion bill
blocker is a very admirable and genial
Individual. but they have not sufficient
confidence in his knowledge of the law
to sustain his appointment to fill so high
an office. Indeed Lord Salisbury Is
plainly told that as soon as Western
Australia becomes a self-g0verning
state Mr.. Warton and his snuff box Will
be returned upon his hands.
The visit of the cZar to Berlin is
greatly agitating the public mind of Eu-
rope. These who take an optimistic
view of the situation profess to believe
that the meeting between the German
emperor and his brother sovereign will
prOlOng the peace which Sig. CriSpi, the
Italian premier, has already assured
Europe is temporarily secured. Those
who have made themselves acquainted
with the state of feeling at the courts of
Berlin and st. Petersburg declare that
the visit of the cZar to Kaiser Wilhelm
cannot be other than an act of courtesy
and can have no political significance.
The Germans resent strongly the osten-
tatiOus patronage by the Russians OF
that apostle of the revanche. NJ. Paul
Deroulede, and in certain circles in Ber-
lin there have for some time been heard
nminouc uuttarinpS AGAINST
THE INSULTING ATTITUDE
of the cZar's cOnrtiers. 1t was hardly
to be expected that the kaiser's subjects
would be overwhelmed with joy at the
presence among them of the head of a
nation which has so recently gone out
of its way to show its preference for the
friendship and alliance of their bitterest
foe. The fact is, the opinion prevails
in diplomatic circles that relations are
so strained that the meeting between
the Russian and German rulers, en-
famille. cannot improve them. The re-
grettable indispOsitiOn of Kaiser Will
helm and the crown prince prevented
the accentuation of the ilI-feeiing exist
ing between the German and Russian
people. En- pasSant, the condition of
the Emperor William and of the crown
prince continues to deepen the anxiety
of responsible statesmen for the peace
of Europe. The kaiSer's physicians
forbade his interview with the cZar,
fearing the result of their patients eX-
citement. An earnest and diSpassiOn-
ate glance at the whole situation must
convince the student of continental pol
iticS that the most thoughtful states
men in Europe are aware that they are
walking above huge magazine which
any day may explode and deal disaster.
From various quarters III Germany
rather OminOus reports are being re-
ceived as to the S0undneSS of business
and banking business i'll particular-in
that country. The immediate occasion
of
THESE UNFANORABLE STATEMENTS
is the recent failure of the LeipSic Dis
count company. This "bank" had
capital of s2,25O, 900 and investigation
shows that nearly all of it has been lost.
Its business was chiefly that of convert
ing private firms into joint stock COM
panies. But it also established current
accounts with "oriental firms and car
ried on speculation in stocks
as we'll as in grain. coffee and
sugar. The investigation also re-
veals a good deal of irregulority
in its management; yet the company
enjoyed the confidence of the foremost
financial institutions of Germany. The
serious feature of the matter is that this
failure, through the investigation which
has been going on, has revealed the fact
that nearly all the banking establish
ments of the Fatherland are more or
less engaged in the kind of business
which brought the Leipsic concern to
grief. Inducement to share in it has
been the commissions paid to the banks
for floating the numerous joint stock
which have sprung up so
rapidly in recent years. Not only
domestic but foreign undertakings and
loans have also engaged their attention.
The protectionist policy of Germany has
been in no small degree promoted by
the banks which were interested in the
manner described in a ''speedy and
forced progress of German industries"
Well informed observers predict an in
dustrial crisis owing to the unwhole-
some impulse impaired to trade and in
dustry by the banks and spectators
and by the sacrifice of legitimate bust
ness to speculation.